Common use of Interest on Revolving Loans Clause in Contracts

Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan denominated in Dollars made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Eurocurrency Loan, the relevant Adjusted Eurocurrency Rate for such Eurocurrency Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time. The outstanding principal amount of each Revolving Loan denominated in an Approved Foreign Currency made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to the relevant Adjusted Eurocurrency Rate for such Eurocurrency Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.

Appears in 3 contracts

Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)

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Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan denominated in Dollars made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a Base Rate Loan, the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and (ii) during such periods as such Revolving Loan is a Eurocurrency Loan, the relevant Adjusted Eurocurrency Rate for such Eurocurrency Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time. The outstanding principal amount of each Revolving Loan denominated in an Approved Foreign Currency made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to the relevant Adjusted Eurocurrency Rate for such Eurocurrency Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin in effect from time to time.. (b)

Appears in 1 contract

Samples: Credit Agreement (GTT Communications, Inc.)

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Interest on Revolving Loans. The outstanding principal amount of each Revolving Loan denominated in Dollars made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Revolving Loan is a US Base Rate Loan, a fluctuating rate per annum equal to the Base Rate plus the Applicable Revolving Loan Margin in effect from time to time and plus the Applicable Margin for Base Rate Loans in effect from time to time, (ii) during such periods as such Revolving Loan is a Eurocurrency Eurodollar Loan, a fixed rate per annum equal to the relevant Adjusted Eurocurrency Eurodollar Rate for such Eurocurrency Eurodollar Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin for Fixed Rate Loans in effect from time to time. The outstanding principal amount of each , and (iii) during such periods as a Revolving Loan denominated in an Approved is a Foreign Currency made by each Lender shall bear interest at Loan, a fluctuating fixed rate per annum that shall at all times be equal to the relevant Adjusted Eurocurrency Foreign Currency Rate for such Eurocurrency Foreign Currency Loan for the applicable Interest Period plus the Applicable Revolving Loan Margin for Fixed Rate Loans in effect from time to time.

Appears in 1 contract

Samples: Credit Agreement (Abercrombie & Fitch Co /De/)

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